Molo drops BTL rates again
By Tara SammonsMolo Finance has lowered its UK resident two- and five-year fixed BTL rates by 12bps.
Two-year fixed rates for standard BTL products now start at 3.13% for individual and limited company borrowers.
For specialist BTL products, including HMO, MUFBs, investor-led and new-build properties, rates now start at 3.38%.
Rates for non-UK residents remain unchanged, starting from 5.99%, while expat rates start from 5.24%.
Martin Sims, distribution director at Molo (pictured above), commented: “We appreciate how important it is for brokers to access competitive and stable financing for their clients.
“This latest rate reduction reinforces our commitment to remain competitive and demonstrates a prompt response to the improving market conditions.”
Keywords: Molo Finance, BTL rates, lowered, fixed rates, standard BTL products, 3.13%, individual borrowers, limited company borrowers, specialist BTL products, HMO, MUFBs, non-UK residents
Source: BTL Insider — https://btlinsider.co.uk/molo-drops-btl-rates-again